Euro-Zone House Price Decline Accelerates

By

Ilona Billington

Updated Jan. 31, 2013 3:41 p.m. ET

LONDON—The first survey of euro-zone wide house prices has revealed a widening divergence in household wealth in the currency bloc, indicating that the current economic crisis is hitting families harder in some countries than in others.

German homeowners—who up until about 2008 experienced an extended period of stable house prices—are now enjoying an increase in their personal wealth as measured by the prices of their home, according...